A Step-by-Step-Guide on how to buy Tezos (XTZ)
Step 1 – Join CEX.io You'll first need to buy one of the major currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below to register and to get your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Tezos (XTZ) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you've selected the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate Tezos (XTZ) As soon as your deposit has been confirmed, you'll immediately have access to your finances and you can launch buying and trading. To buy Tezos (XTZ) on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”. In order to find Tezos (XTZ), you'll need to insert the shortname of the coin (XTZ) into the search box, which is marked in the image. Be certain of having selected the correct pairing, we have marked this also. Click on “XTZ/BTC” to advance.
Step 4 – Acquisition of Tezos (XTZ) As soon as you've discovered Tezos (XTZ), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we are going to make our Limit Order. The ”Price” field will be automatically filled with the up-to-date valuation Tezos (XTZ) was traded for. This can be changed to your preferred price. The ”Amount” field is the volumen of XTZ you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the whole volumen of XTZ. When you're happy, make a mouse click on “Buy XTZ”. Your plan will be filled when a Seller trades their XTZ for the price you introduced.
Step 5 – Withdraw Tezos (XTZ) Unless you are regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extensive time period. To take off your Tezos (XTZ), go to the tab called “Funds” and mouse click on “Withdraw”. Tezos (XTZ) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Tezos (XTZ) by using the provided drop-down box. Drop in the quantity of Tezos (XTZ) you would wish to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address. When you are satisfied, make a mouse click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.